FINWIRE®

State Securities launches Commercial Mortgage product range in Scotland

February 14th, 2008

In response to increasing customer demand and as part of State Securities’ continued strategy for development and growth, the company has announced the launch of Commercial Mortgages for business customers based in Scotland.

Scottish businesses will be able to access State Securities’ innovative range of Commercial Mortgage solutions for mortgaging or re-mortgaging industrial or warehouse premises.

Having successfully supported brokers and their SME customers’ finance requirements in England and Wales for the last 27 years, and Scotland for the last 10 years, State Securities is well placed to offer Commercial Mortgage services to the Scottish market.

Commercial Mortgage Manager (West Midlands & North), Eddie Graham, commented, “We’re excited by the launch of our range of Commercial Mortgages to brokers and their clients in Scotland.

By employing State Securities’ distinctive approach to Mortgages, either as a stand alone product or in conjunction with our asset based finance, our aim is to enable brokers to provide truly innovative ‘one stop shop’ finance packages to their customers.

Our unique stance means we can create solutions that respond to business needs, often for requirements or in circumstances that traditional lenders avoid.”

Eddie continued, “Extending our Commercial Mortgage services into Scotland therefore benefits both brokers and their customers.

Not only does it help brokers to enhance their customer offering but, crucially, it provides their customers with increased choice, particularly if they are facing demanding or challenging times.

In these circumstances traditional lenders often walk away. At State Securities, we work with brokers and their customers to provide a genuine solution.

We’d be delighted to hear from any Scottish brokers with clients with a Commercial Mortgage requirement, ideally involving industrial or warehouse premises. Our usual Commercial Mortgage criteria apply, but with a maximum LTV restriction of 70%.”

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